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NBO sponsors National Open Data Symposium
(Times of Oman - 31/10/2018)

Reinforcing the partnership between the public and private sectors, the National Bank of Oman (NBO) sponsored the recently held National Open Data Symposium under the patronage of His Highness Sayyid Haitham bin Tariq Al Said, Minister of Heritage and

Bank Sohar’s Q3 net grows more than 15 per cent
(Oman Daily Observer - 31/10/2018)

Bank Sohar has posted RO 21.940 million in net profits for the first nine months of the year, a 15.62 per cent raise on its performance throughout the same period in 2017. The bank’s total operating income increased by 26.93 per cent from RO 54.871

Emirates Islamic posts 32% increase in Q3 profit at Dhs657m
(The Gulf Today - 31/10/2018)

Emirates Islamic Bank has delivered a strong set of financial results for the period ending September 30, 2018. The bank’s net profit increased by 32 per cent y-o-y reaching Dhs657 million, and total income (net of customers’ share of profit and

Emirates NBD 9-month profits soar 24pc to $2.1bn
(Trade Arabia - 31/10/2018)

Emirates NBD, a leading bank in the region, delivered a strong set of results for the first nine months of this year with net profit growth of 24% year-on-year to Dh7.7 billion ($2.1 billion). <br/><br/> Net interest income increased 19% year-on-year due

QFB posts QR425.5mn loss
(Gulf Times - 30/10/2018)

Qatar First Bank said it recorded a net loss of QR425.5mn at the end of the third quarter in September. Ayman Zaidan, QFB head (Treasury and Investment Management) said, “After a challenging nine months with global and regional headwinds, QFB recorded a

Bank Muscat launches new version of bm Offers App
(Oman Daily Observer - 30/10/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to innovation reflecting the latest technological trends in banking, has launched a new version of its mobile

Burgan Bank Group 9-month profits up 32pc to $235m
(Trade Arabia - 30/10/2018)

Burgan Bank Group reported a net income of KD71 million ($235 million) for the first nine months of this year, with a year on year growth of 32 per cent. <br/><br/> The bank registered KD20.5 million ($68 million) profit for the third quarter, a growth

Ahli United Bank and KFH say merger talks 'still ongoing'
(The National - 29/10/2018)

Ahli United Bank, the Bahraini lender, and Kuwait Finance House are still in discussions for a potential merger, which would create a new Islamic entity with $92 billion (Dh337.6bn) in combined assets.<br/><br/> The two parties signed a preliminary and

QNB set to finance 65% of Qamco IPO subscriptions of its Qatari customers
(Gulf Times - 29/10/2018)

QNB, the largest financial institution in the Middle East and Africa, will finance subscriptions to the QR2.73bn initial public offering (IPO) of Qatar Aluminum Manufacturing Company (Qamco).<br/><br/> “The bank will finance 65% of the total value of

Bank Nizwa net profit surges 97% in third quarter
(Times of Oman - 29/10/2018)

Bank Nizwa announced its 2018 third quarter financial results, registering another strong performance across its operations in Oman’s banking sector. The bank recorded 97 per cent growth in net profit after tax, to reach OMR4.6 million for the period

Arab Bank posts 7% profit increase on higher fees and interest
(The National - 28/10/2018)

Arab Bank, the largest lender in Jordan, posted a 7 per cent year-on-year rise in net profit for the first nine months of 2018, and said it plans to open its first branch in China at the start of 2019.<br/><br/> Net profit for the period ending September

Doha Bank CEO showcases Qatar’s resilience at SIBOS
(The Peninsula - 28/10/2018)

Dr R Seetharaman (pictured), CEO of Doha Bank participated at the SIBOS 2018 Conference held at Sydney, Australia last week. At the Conference he gave insight on developments in global and Qatari economy.<br/><br/> Speaking on Qatari economy, he said the

KFH net profit surges 31.4pc in Q3
(Trade Arabia - 28/10/2018)

Kuwait Finance House (KFH), the country's biggest Islamic banker, has registered a 31.4 per cent growth in its net profit compared to the same period last year.<br/><br/> Announcing the results for the three months to September 30, the Kuwaiti lender

NCB records 10.7% rise in net income in 9 mos
(Saudi Gazette - 24/10/2018)

The National Commercial Bank (NCB) announced that its net income for the first three quarters of 2018 reached SR8,020 million compared to SR7,242 million for the same period of the previous year, an increase of 10.7%. NCB’s net income for the third

Commercial Bank’s 9-month net profit jumps to QR1.26bn
(The Peninsula - 24/10/2018)

The Commercial Bank, its subsidiaries and associates (Group) reported a net profit of QR1.26bn for the nine months ended September 2018, a significant 386 percent jump as compared to QR259m recorded for the same period in 2017. The Group’s total assets

National Bank of Bahrain seeks to buy shares in rival
(Gulf News - 23/10/2018)

National Bank of Bahrain (NBB) is weighing an acquisition of shares in Bahrain Islamic Bank (BISB), the company said in a disclosure on Monday. The lender is “considering making a potential voluntary offer for issued shares in BISB,” the filing said,

Bank Muscat celebrates al Mazyona salary prize draw
(Oman Daily Observer - 23/10/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to partnership in promoting a strong savings culture Oman, celebrated al Mazyona salary prize draw at the head

BoS posts 13 per cent increase in net profit
(The Gulf Today - 23/10/2018)

The Bank of Sharjah (BoS) has announced the results for the period ended September 30, 2018. According to results, net profit for the quarter reached Dhs301 million, registering a 13 per cent increase over the same period last year.<br/><br/> The bank

FAB posts 16pc surge in Q3 net profit to $816m
(Trade Arabia - 23/10/2018)

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has reported third quarter earnings at Dh3 billion ($816 million), up 16 per cent year-on-year, a media report said.<br/><br/> The group

Gulf Bank records 18% increase in 9 months net profit
(Arab Times - 23/10/2018)

Gulf Bank K.S.C.P. (“The Bank”) announced its financial results for the first nine months of 2018. The Bank recorded a net profit of KD 42.7 million in the first nine months of 2018, an increase of 18% over the same period in 2017. In Q3 2018, Gulf Bank

Bank of Sharjah’s nine-month net profits up 13%
(Gulf News - 22/10/2018)

Bank of Sharjah on Sunday reported a net profit of Dh301 million for the first nine months of 2018, up by 13 per cent compared to the same period last year.<br/><br/> Net interest income decreased by 1 per cent compared to the corresponding figure for

QNB receives 3 coveted MTN awards
(The Peninsula - 22/10/2018)

QNB Group, the largest financial institution in the Middle East and Africa, received three prestigious awards during the Annual mtn-i MTN Awards ceremony held recently in Hong Kong.<br/><br/> The Group won the Issuer of the Year award as the most

Gulf International Bank names new board
(Trade Arabia - 22/10/2018)

Gulf International Bank (GIB) today announced the appointment of a new board of directors, headed by Dr Abdullah bin Hassan Alabdulgader, who continues as the chairman.<br/><br/> The board will comprise: Abdulla bin Mohammed Al Zamil, chief executive

CBD reports 26.8% jump in 9-month profits
(Gulf News - 18/10/2018)

Commercial Bank of Dubai (CBD) on Wednesday reported a net profit of Dh843 million for the first nine months of 2018, up 26.8 per cent compared to the same period last year.<br/><br/> For the third quarter of 2018, the bank reported a net profit of

National Bank of Bahrain Jan-Sept net profit jumps 11%
(Gulf News - 18/10/2018)

National Bank of Bahrain (NBB) said it delivered strong financial results and continued growth for the first nine months of 2018 marked by an 11.3 per cent rise in net profit, which reached 55 million dinars (Dh534.2 million).<br/><br/> Strengthened

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